NTA UGC NET/JRF Exam, December 2022 (Commerce) Shift-I

Total Questions: 100

81. Arrange the following examples of human needs in the hierarchy of their increasing importance.

A. Insurance for accidents
B. Recognition and respect from others
C. Food and shelter provisions
D. Accomplishing distinction in chosen area by maximizing potential
E. Developing meaningful relations with others.
Choose the correct answer from the options given below :

Correct Answer: (d) C, A, E, B, D
Solution:

Maslow's hierarchy of their importance of human needs in the hierarchy of their importance:-

82. Arrange the following industry verticals in the ascending order of their weightages in the index of core industries in India.

A. Coal
B. Cement
C. Refinery products
D. Electricity
E. Steel
Choose the correct answer from the options given below:

Correct Answer: (c) B, E, D, C, A
Solution:Index of eight core industries (ICI) is production volume index that measures the collective and individual production performances of eight selected core industries.
Current figures of weightage of eight core industries are :-
IndustryWeightage of eight core
Refinery products industry28.04%
Electricity industry19.85%
Steel Industry17.92%
Coal industry10.33%
Crude oil industry8.98%
Natural gas industry6.88%
Cement industry5.37%
Fertilizers Industry2.63%

83. Arrange the following stages of buying decision process in the logical sequence.

A. Comprehension
B. Adoption
C. Need recognitions
D. Legitimatization
E. Attitude forming
Choose the correct answer from the options given below :

Correct Answer: (c) C, A, E, D, B
Solution:

Stage of buying decision process in the logical sequence are :

Need recognition
            ↓
Comprehension
            ↓
Attitude forming
            ↓
Legitimatization
            ↓
Adoption

84. Arrange the Intellectual Capital Management Process Flow Stages in a proper sequential order.

A. Index
B. Capture
C. Replicate
D. Identify
E. Store
Choose the correct answer from the options given below :

Correct Answer: (c) D, B, A, E, C
Solution:

Intellectual capital is defined as all knowledge within an organisation which has the potential to create value when applied in line with the mission, vision and goals of the organisation. It refers to the intangible capital other than financial capital.
Intellectual capital management process in a proper sequential order are :-

Identify
     ↓
Capture
     ↓
Index
     ↓
Store
     ↓
Replicate

85. Computation of income from house property let-out house, the following items are deducted. Arrange them in a proper sequence:

A. Local taxes/Municipal Taxes
B. Standard deductions
C. Unrealized Rent
D. Interest on loan for the period the prior to previous year in which the house is completed (in five equal installments)
E. Interest on loan taken for purchase, construction or repair of the house, relating to the previous year
Choose the correct answer from the options given below:

Correct Answer: (b) C, A, B, E, D
Solution:

Computation of income from house property let out house, the following items are deducted :
• Unrealized rent
• Local taxes/Municipal taxes
• Standard deductions.
• Interest on loan taken for purchase, construction or repair of the house, relating to the previous year.
• Interest on loan for the period the prior to previous year in which the house is completed (in five equal installments)

86. Given below are two statements:

Statement I : Monetary policy on its own cannot influence economic growth but can only support it by creating congenial factors.
Statement II : Monetary policy rates change get transmitted across the markets and eventually get reflected in lending rates, mortgage rates and yields. Hence, monetary policy can address the current inflation.
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (c) Statement I is true Statement II is false
Solution:

Statement I - "Monetary policy on its own cannot influence economic growth but can only support it by creating congenial factors is correct.
Statement- II "Monetary policy rates changes get transmitted across the market and eventually get reflected in lending rates, mortgage rates and yields. Hence, monetary policy can address the current inflation is incorrect so, statement I is true statement II is false.

87. Given below are two statement: one is labelled as Assertion A and the other is labelled as Reason R.

Assertion A : When holding company holds more than 50% (but not whole) of shares of a company, then the holders of the rest of shares will be known as "Minority"
Reason R : Minority interest is calculated by considering proportionate shares and reserves of holding company itself
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (c) A is true but R is false
Solution:

Assertion A : When holding company holds more than 50% (but not whole) shares of a company, the holders of rest of shares will be known as 'minority'.
Reason R : Minority interest is calculated by considering proportionate shares and reserves of holding company itself. The correct statement will be "The value of the minority ownership portion of the subsidiary is determined by multiplying its book value by the percentage of ownership held by non controlling interest or minority interest."
So, A is true but R is false.

88. Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R.

Assertion A : The theories of price determination under oligopoly are found to be inapplicable to life market conditions.
Reason R : Real life oligopoly market situation is characterized by small number of sellers, interdependence of decision making, barriers to entry, indeterminate price and output; all leading to wide variety of situations.
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (a) Both A and R are correct and R is the correct explanation of A
Solution:

Assertion A : "The theories of price determination under oligopoly are found to be inapplicable to real life market conditions because real life oligopoly market situation is characterized by small number of sellers, interdependence of decision making, barriers to entry, indeterminate price and output, all leading to wide variety of situations."
So, Both A and R are correct and R is the correct explanation of A.

89. Given below are two statements:

Statement I : Translation exposure refers to the exchange gain or loss occurring from the difference in the exchange rate at the beginning and the end of the accounting period.
Statement II : Transaction exposure refers to the change in the value of the firm caused by the unexpected changes in the exchange rates.
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (c) Statement I is correct but Statement II is incorrect
Solution:

Statement-I : Translation exposure refers to the exchange gain or loss occurring from the difference in the exchange rate at the beginning and the end of the accounting period is correct.
Statement-II : Transaction exposure refers to the change in the value of the firm caused by the unexpected changes in the exchange rate is incorrect.
So, Statement I is correct but statement II is incorrect.

90. Given below are two statements:

Statement I : If a population from which a sample is to be drawn does not constitute a homogeneous group, stratified sampling technique is generally applied in order to obtain a representative sample.
Statement II : In the case of small samples, z-test is applied even if the population standard deviation is not available (given).
In the light of the above statements, choose the most appropriate answer from the options given below:

Correct Answer: (c) Statement I is correct but Statement II is incorrect
Solution:

Statement I : "If a population from which a sample is to be drawn does not constitute a homogeneous group, stratified sampling technique is generally applied in order to obtain a representative sample is correct.
Statement II : In the case of small samples, z-test is applied even if the population standard deviation is not available (given) is incorrect. The correct statement will be "A z-test can only be used if the population standard deviation is known and the sample size is 30 data point or larger.
So statement I is correct but statement II is incorrect.